Nio Stock Rocketed Higher This Week. Is It Time to Buy?
Key Points
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Nio’s latest SUV undercuts Tesla’s new China release by over $4,000.
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Nio’s battery swap technology allows it to lower the upfront EV purchase price to customers.
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Read MoreNew Strong Buy Stocks for August 22nd
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
GARRETT MOTION GTX: This company which is a differentiated automotive technology provider, has seen the Zacks Consensus Estimate for its current year earnings increasing 11.9% over the last 60 days.
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Read MoreTrade War Tensions: China ‘opposes’ Trump's 50% tariffs on India, hails Beijing & Delhi as ‘double engines of Asia'
China has sharply criticised Washington’s decision to slap tariffs of up to 50% on Indian goods, warning that remaining silent in the face of “economic bullying” would only embolden the United States. Beijing has also pledged to stand firmly with New Delhi, framing the two neighbours as indispensable partners in shaping Asia’s economic and political future.
Nvidia: Poised To Break $200 After Q2 Earnings
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Coming from an IT background, I have dived into the U.S. stock market seven years ago by managing portfolio of my family.
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Read MoreTrump on EU and Japan Investments in the U.S.
In early August, President Donald Trump claimed that a trade deal he negotiated with the European Union in July came with hundreds of billions of dollars that the U.S. can use for “anything we want.” But that’s not how the terms were described in a joint statement with the EU on Aug.
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Read MoreThe Burst
Market Commentary: Former Buffett Stock Flashes Recession Warning
When Warren Buffett bought shares of Taiwan Semiconductor, some speculated it was a play on supply chain integration. TSM is the leading semiconductor manufacturer in the world, and famously supplies chips to Apple, his largest bet.
Read MoreThe Ivy
Market Commentary: Billionaire’s Top Holding Will Shock You
Imagine being a billionaire and having to build a portfolio that will stand the test of time. How many stocks would you pick and how much would you put into teach of them? If you’re Nelson Peltz with $6 billion of capital under management the answer is 40.5% in a single stock.
Rounding out his portfolio are just 7 other holdings,
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